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OMG Network (OMG)

Purchase price

0,00 €

Sale price

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Discover how to use your cryptocurrencies with Bitnovo.

What can you do with OMG Network (OMG)?

Buy OMG Network

Purchase OMG Network quickly and securely with card or cash. No hassle or lengthy processes - choose how and when to do it, wherever you are. Get started in minutes!

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Sell OMG Network

Sell your OMG Network and receive euro instantly. Get funds straight to your account quickly and securely. Do it from the app or web, wherever you are, in just a few taps.

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Swap OMG Network

Exchange OMG Network for another cryptocurrency without leaving Bitnovo. Do it instantly, no external platforms. Manage your portfolio with complete freedom from a single place.

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What is OMG Network (OMG)?

OMG Network, formerly known as OmiseGO, is a layer 2 scaling solution for Ethereum designed to improve network efficiency and scalability. It enables faster and cheaper transactions by processing multiple operations off-chain and then consolidating them on the Ethereum blockchain. This is achieved through Plasma technology, developed by Vitalik Buterin and Joseph Poon.

How Does OMG Network Work?

OMG Network operates as a sidechain that batches multiple transactions off the Ethereum main chain. These transactions are validated and then consolidated onto the main blockchain, reducing congestion and gas fees. This approach allows users to perform transactions faster and more cheaply while maintaining the security of the main network.

Who Created OMG Network?

OMG Network was developed by Omise, a payment services company based in Thailand, Japan, Singapore, and Indonesia. The network was launched in 2017 as OmiseGO and later rebranded as OMG Network.

Features of OMG Network

Enhanced Scalability: By processing transactions off-chain, OMG Network increases transaction throughput.
Cost Reduction: Transaction fees are lower compared to direct Ethereum transactions.
Interoperability: Enables asset transfers between different wallets and platforms without intermediaries.
Security: Maintains Ethereum's security by consolidating transactions on the main chain.

Can OMG Be Mined?

No, OMG cannot be mined traditionally. The network uses a Proof-of-Stake (PoS) consensus mechanism, where users can participate in transaction validation and secure the network by staking and locking OMG tokens, earning rewards in return.

How to buy ?

Buying OMG Network is quick and secure with Bitnovo. You can easily get OMG using different payment methods. Just visit our page to buy OMG Network and choose the option that suits you best.

Available purchase methods

Buy with credit/debit card: Use your Visa or Mastercard to get OMG Network instantly. We also accept Apple Pay and Google Pay for quick, hassle-free transactions.
Bank transfer: Make a SEPA or SEPA Instant transfer to securely buy OMG Network directly from your bank account, with no lengthy procedures.
Buy with cash: Get Bitnovo vouchers at over 40,000 physical locations and easily redeem them for OMG Network through our purchase platform.

Benefits of buying OMG Network with Bitnovo

Quick and easy process: No complex registrations or lengthy verifications. Just choose your payment method and receive your OMG in minutes.
Multiple payment options: Pay by card, transfer, or cash - whatever works best for you.
Guaranteed security: Bitnovo is a trusted platform with years of experience in the European crypto sector, designed for users seeking safe and straightforward transactions.

How to buy OMG Network with Bitnovo

If you prefer cash, Bitnovo offers a practical solution through crypto redeemable vouchers, available at thousands of points of sale.

Step by step guide:

Find a nearby store:

Use Bitnovo's search tool to locate partner stores in your area where you can purchase vouchers.

Purchase the voucher:

Visit your chosen store and buy a Bitnovo voucher for your desired amount, paying in cash.

Redeem your voucher for OMG Network:

Go to the Bitnovo Vouchers redemption page.
Enter your voucher code and your OMG Network wallet address.
Confirm the transaction - you'll receive your OMG Network in your wallet within minutes.